Nclt

Parsvnath case: Settlement talks can't stall insolvency once default found

The Supreme Court upheld the revival of insolvency proceedings against Parsvnath Developers, ruling that settlement negotiations cannot delay admission once debt and default are established

SC upholds rejection of ₹85 cr insolvency plea against Essar Power Gujarat

The Supreme Court has upheld the rejection of an insolvency plea against Essar Power Gujarat, holding that a genuine pre-existing dispute barred proceedings under the IBC

Ola Electric faces insolvency petitions from two suppliers over unpaid dues

The suppliers allege the EV maker's operating arm owes more than Rs 40 crore in unpaid dues and have asked the NCLT to initiate insolvency proceedings

'Methyl isocyanate of law': Supreme Court sets aside AI-generated verdicts

The Supreme Court set aside an NCLT order over AI-generated fake precedents, directing zero tolerance for citing hallucinated judgments in courts

SC tears into AI-hallucinated judgments, sets aside NCLT insolvency order

The apex court quashed an NCLT insolvency order after finding reliance on non-existent AI-generated judgments, warning that even a single fake precedent can invalidate a judicial decision

Mantra Group secures ₹2,000 crore Worli project through NCLT resolution

Pune-based developer Mantra Group has won the stalled Worli project through the insolvency resolution process, marking its third acquisition in Mumbai within a year

Jaiprakash Associates stock to delist on June 18; all you need to know

JAL is being delisted following its acquisition by Adani Group through insolvency, and as per the resolution plan approved by the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj.

NCLT declares Congress' Naseer Ahmed insolvent over ₹1,455 cr loan default

Naseer and his family argued that they had not provided a direct guarantee to the banks, and insolvency proceedings could not be initiated against them

NCLT admits SBI's personal insolvency plea against Anil Ambani

A division bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar admitted the application through an oral order

NCLT admits SBI's plea to start insolvency process against Anil Ambani

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code

NCLT-approved resolution plans under insolvency code decline to 225 in FY26

Resolution plans approved under the Insolvency and Bankruptcy Code declined in FY26, while recoveries against admitted claims dropped sharply, raising concerns over resolution outcomes

Decade on, IBC still has miles to go despite stronger framework

A decade after the IBC transformed India's debt recovery framework, mounting delays and falling recoveries are testing the reform's effectiveness

Apollo HealthCo eyes Q1FY27 breakeven amid group restructuring plans

Apollo HealthCo is expected to achieve cash breakeven by Q1FY27 as Apollo Hospitals advances a restructuring plan involving demerger and merger of key units

NCLT allows withdrawal of insolvency process against ATS Le Grandiose

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code

Plea in SC alleges fake citations in NCLT order on Essel insolvency

A plea in the Supreme Court alleges non-existent citations in an NCLT order admitting Essel Infraprojects to insolvency, raising concerns over judicial integrity.

Class action suit against Jindal Poly Films to be heard by Principal Bench

NCLT Special Bench adjourns hearing, citing jurisdiction; Sebi seeks time for rejoinder as minority shareholders move intervention applications

Renault moves NCLT to restructure India ops, eyes €2 bn exports by 2030

French automaker moves tribunal to streamline India structure, boost exports to €2 billion annually by 2030, and strengthen the country's role as a key manufacturing hub

Plea against NCLT acting president appointment infructuous: Delhi HC

The Delhi High Court on Thursday said the petition by an NCLT technical member challenging the appointment of Bachu Venkat Balaram Das as acting president was infructuous in view of the Centre appointing a former high court judge to the post of the tribunal's president. A bench of Justices C Hari Shankar and O P Shukla noted that the Centre has cleared the appointment of Justice Anupinder Singh Grewal, former judge of the Punjab and Haryana High Court, as the president of the National Company Law Tribunal (NCLT). "With that, this writ petition which deals with the post of acting president of NCLT has been rendered infructuous," the bench said, as it closed the proceedings on the petition by Kaushalendra Kumar Singh. On April 29, the Centre notified the appointment of Justice Grewal as NCLT president for five years with effect from the date of assumption of charge or till attaining the age of 67 years, whichever is earlier. In the high court, Singh contended that the law mandates th

SC flags 'grim' delays in NCLT clearing insolvency resolution plans

The Supreme Court has taken suo motu cognisance of delays in NCLT approvals, warning that prolonged timelines could undermine the objectives of the Insolvency and Bankruptcy Code

IBC clock stalls: Supreme Court flags NCLT's nearly two-year lag

Top court raises concerns over prolonged pendency of resolution plan approvals, asks NCLT and IBBI to furnish nationwide data on delays and backlog